AUD/USD Intraday: intraday support around 0.7575.
Pivot:
0.7575
Our preference:
Long positions above 0.7575 with targets at 0.7615 & 0.7630 in extension.
Alternative scenario:
Below 0.7575 look for further downside with 0.7550 & 0.7535 as targets.
Comment:
A support base at 0.7575 has formed and has allowed for a temporary stabilisation.
Pivot:
0.7575
Our preference:
Long positions above 0.7575 with targets at 0.7615 & 0.7630 in extension.
Alternative scenario:
Below 0.7575 look for further downside with 0.7550 & 0.7535 as targets.
Comment:
A support base at 0.7575 has formed and has allowed for a temporary stabilisation.